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A Bermuda-based financial services firm spent almost $578,000 buying back its own shares in January. Somers Ltd, formerly known as Bermuda National Ltd and which owns the Bermuda Commercial Bank, forked out the cash to acquire 48,000 of its shares at...

Bermuda is becoming increasingly attractive as a place to invest pension assets, manage the risks associated with funding pensions, and to carry on a pension trustee business. In the first instance, pension trustees’ investments in insurance-linked ...

Bermuda’s house sales market has recorded its first increase in sales for six years, a top Island real estate agent said yesterday. Rego Sotheby’s chief Buddy Rego said the struggling sector had been boosted by an easing off of restrictions on proper...

One of Bermuda’s oldest fashion names is to disappear. Luxury retailer Cecile, which has occupied a site at 15 Front Street for more than 60 years, is to transfer its operations and be absorbed into high end accessories store and sister firm Lusso, a...

A former gas station in St David’s is selling fuel again. Esso pumps switched on at the old gas station last week — and owner David Roque said local people were happy to see fuel being sold at the site again. Mr Roque added: “It’s been received very ...

The new boss of Bermuda’s docks said the industry had to face up to declining volumes of cargo and possible relocation to another site if Hamilton’s planned redevelopment of its waterfront goes ahead. And Warren Jones, the new CEO of Polaris Holdings...

The folding of White’s supermarkets left $1.8 million being owed to Pitt & Co, BGA and Magazine Distributors, evidence presented in Commercial Court yesterday revealed. In the case of Pitt & Co Ltd et al v Gary White et al, which involves brothers Ga...

A leading architects’ firm is to shut up shop it revealed yesterday. Conyers & Associates (C&A) will close its doors at the start of March due to “personal circumstances”, a letter from president Charlita Saltus and managing director Malcolm Sutherla...

Total car sales increased last year — for the first time in six years. But the total figure of 932 vehicles is still 54 percent down from pre-recession 2007, when 2,016 cars left the showrooms. There were 39 more cars sold last year than in 2012 and ...